NASDAQ:KRMD

KORU Medical Systems (KRMD) Stock Forecast, Price & News

$2.70

-0.08 (-2.88%)

(As of 09/29/2023 ET)

Compare

Today's Range: $2.65
▼
$2.82
50-Day Range: $2.37
▼
$3.08
52-Week Range: $2.13
▼
$4.48

Volume: 42,490 shs
Average Volume: 50,017 shs
Market Capitalization: $123.23 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.88

KORU Medical Systems MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 43.5% Upside
$3.88 Price Target
Short Interest: Healthy
0.81% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.44
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$114,828 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.20) to ($0.16) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.38 out of 5 stars

Medical Sector

263rd out of 970 stocks

Surgical & Medical Instruments Industry

35th out of 99 stocks

3.5

Analyst's Opinion

Consensus Rating
KORU Medical Systems has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $3.88, KORU Medical Systems has a forecasted upside of 43.5% from its current price of $2.70.
Amount of Analyst Coverage
KORU Medical Systems has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.81% of the float of KORU Medical Systems has been sold short.
Short Interest Ratio / Days to Cover
KORU Medical Systems has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in KORU Medical Systems has recently increased by 7.69%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
KORU Medical Systems does not currently pay a dividend.
Dividend Growth
KORU Medical Systems does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for KRMD.

2.5

News and Social Media Coverage

News Sentiment
KORU Medical Systems has a news sentiment score of 0.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for KORU Medical Systems this week, compared to 1 article on an average week.
MarketBeat Follows
2 people have added KORU Medical Systems to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, KORU Medical Systems insiders have bought more of their company's stock than they have sold. Specifically, they have bought $114,828.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
25.60% of the stock of KORU Medical Systems is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
40.35% of the stock of KORU Medical Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for KORU Medical Systems are expected to grow in the coming year, from ($0.20) to ($0.16) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of KORU Medical Systems is -15.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of KORU Medical Systems is -15.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
KORU Medical Systems has a P/B Ratio of 3.91. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About KORU Medical Systems (NASDAQ:KRMD) Stock

KORU Medical Systems, Inc. designs, manufactures, and markets portable medical devices primarily for the subcutaneous drug delivery market in the United States and internationally. It offers mechanical infusion product comprising the FREEDOM infusion systems that include the FREEDOM60 syringe driver, the FreedomEdge syringe driver, HIgH-Flo subcutaneous safety needle sets, and precision flow rate tubing. The company also provides education and training materials to clinicians, patients, and patient advocates. It sells its products through direct sales and medical device distributors, as well as online. The company was incorporated in 1980 and is headquartered in Mahwah, New Jersey.

KRMD Price History

30 days | 90 days | 365 days | Advanced Chart

KRMD Stock News Headlines

September 15, 2023 | finance.yahoo.com

KORU Medical Systems to Participate in the Gilmartin Group Emerging Growth Company Showcase

September 7, 2023 | msn.com

Lake Street Initiates Coverage of KORU Medical Systems (KRMD) with Buy Recommendation

September 30, 2023 | Chaikin Analytics (Ad)

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September 7, 2023 | markets.businessinsider.com

Breaking The Hospital Chain: Analyst On How KORU's Self-Administered Therapies Promise 20% CAGR Through 2026

September 7, 2023 | msn.com

B. Riley Securities Initiates Coverage of KORU Medical Systems (KRMD) with Buy Recommendation

September 7, 2023 | finance.yahoo.com

KORU Medical Systems, Inc. (NASDAQ:KRMD) has caught the attention of institutional investors who hold a sizeable 34% stake

August 11, 2023 | finance.yahoo.com

Companies Like KORU Medical Systems (NASDAQ:KRMD) Are In A Position To Invest In Growth

August 9, 2023 | finance.yahoo.com

KORU Medical Systems, Inc. Announces 2023 Second Quarter Financial Results and Updates Full Year 2023 Outlook

September 30, 2023 | Altimetry (Ad)

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August 8, 2023 | benzinga.com

Earnings Preview For KORU Medical Systems

August 8, 2023 | finance.yahoo.com

KORU Medical Systems to Participate in the Genuity 43rd Annual Growth Conference

August 4, 2023 | msn.com

Piper Sandler Maintains KORU Medical Systems (KRMD) Overweight Recommendation

August 3, 2023 | msn.com

KORU Medical Systems expects Q2 revenue growth at 6%

August 3, 2023 | finance.yahoo.com

KORU Medical Systems, Inc. Announces Preliminary Second Quarter 2023 Revenues and Provides Business, Outlook and Executive Updates

July 31, 2023 | finance.yahoo.com

KORU Medical Systems to Report Second Quarter Financial Results on August 9, 2023

July 28, 2023 | finance.yahoo.com

KORU Medical Systems Announces Novel Therapies Collaboration for Late-Stage Endocrinological Biologic

July 10, 2023 | finance.yahoo.com

KORU Medical Systems, Inc. Announces 510(K) Submission for Freedom60® Infusion System With Hizentra® 50 Ml Prefilled Syringes

June 27, 2023 | seekingalpha.com

KORU Medical Systems appoints CFO

June 27, 2023 | finance.yahoo.com

KORU Medical Systems, Inc. Names Andrew LaFrence as Chief Financial Officer

June 1, 2023 | finance.yahoo.com

Those who invested in KORU Medical Systems (NASDAQ:KRMD) five years ago are up 184%

May 9, 2023 | finance.yahoo.com

KORU Medical Systems, Inc. (NASDAQ:KRMD) Q1 2023 Earnings Call Transcript

May 5, 2023 | finance.yahoo.com

KORU Medical Systems, Inc.'s (NASDAQ:KRMD) Share Price Matching Investor Opinion

May 4, 2023 | msn.com

KORU Medical Systems reports Q1 results, reaffirms FY 2023 revenue guidance

May 4, 2023 | nasdaq.com

KORU Medical Systems Inc. (KRMD) Reports Q1 Loss, Tops Revenue Estimates

May 4, 2023 | finance.yahoo.com

KORU Medical Systems, Inc. Announces 2023 First Quarter Financial Results

April 27, 2023 | nasdaq.com

Will KORU Medical Systems Inc. (KRMD) Report Negative Earnings Next Week? What You Should Know

April 21, 2023 | finance.yahoo.com

KORU Medical Systems to Report First Quarter Financial Results on May 4, 2023

See More Headlines

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KRMD Company Calendar

Last Earnings: 8/09/2023
Today: 9/30/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Surgical & medical instruments
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:KRMD
CUSIP: N/A
CIK: 704440
Web: www.korumedical.com
Phone: (845) 469-2042
Fax: 845-469-5518
Employees: 85
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $3.88
High Stock Price Forecast: $4.50
Low Stock Price Forecast: $3.00
Forecasted Upside/Downside: +43.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.17)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-8,660,000.00
Net Margins: -27.55%
Pretax Margin: -33.95%
Return on Equity: -26.65%
Return on Assets: -20.37%

Debt

Debt-to-Equity Ratio: 0.01
Current Ratio: 5.53
Quick Ratio: 4.23

Sales & Book Value

Annual Sales: $27.90 million
Price / Sales: 4.42
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.69 per share
Price / Book: 3.91

Miscellaneous

Outstanding Shares: 45,640,000
Free Float: 33,955,000
Market Cap: $123.23 million
Optionable: Not Optionable
Beta: 0.37

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Key Executives

Ms. Linda M. Tharby (Age 55)
Pres, CEO & Director
Comp: $962.6k

Mr. Thomas Adams (Age 50)
Chief Financial Officer
Comp: $381.9k

Mr. Brian Case (Age 50)
Chief Technology Officer
Comp: $356.31k

Mr. Christopher Pazdan
Sr. VP of Operations

Mr. Rob Cannon
VP of Sales

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

KRMD Stock - Frequently Asked Questions

Should I buy or sell KORU Medical Systems stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for KORU Medical Systems in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" KRMD shares.
View KRMD analyst ratings or view top-rated stocks.
What is KORU Medical Systems' stock price forecast for 2023?: 4 Wall Street analysts have issued 12 month target prices for KORU Medical Systems' stock. Their KRMD share price forecasts range from $3.00 to $4.50. On average, they expect the company's share price to reach $3.88 in the next year. This suggests a possible upside of 43.5% from the stock's current price.
View analysts price targets for KRMD or view top-rated stocks among Wall Street analysts.
How have KRMD shares performed in 2023?: KORU Medical Systems' stock was trading at $3.57 at the beginning of the year. Since then, KRMD stock has decreased by 24.4% and is now trading at $2.70.
View the best growth stocks for 2023 here.
Are investors shorting KORU Medical Systems?: KORU Medical Systems saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 338,900 shares, an increase of 7.7% from the August 31st total of 314,700 shares. Based on an average trading volume of 89,500 shares, the short-interest ratio is currently 3.8 days. Currently, 0.8% of the shares of the stock are short sold.
View KORU Medical Systems' Short Interest.
When is KORU Medical Systems' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our KRMD earnings forecast.
How were KORU Medical Systems' earnings last quarter?: KORU Medical Systems, Inc. (NASDAQ:KRMD) released its quarterly earnings results on Wednesday, August, 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.05). The company had revenue of $6.94 million for the quarter, compared to analyst estimates of $6.93 million. KORU Medical Systems had a negative net margin of 27.55% and a negative trailing twelve-month return on equity of 26.65%.

What guidance has KORU Medical Systems issued on next quarter's earnings?: KORU Medical Systems updated its FY 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $31.00 million-$32.50 million, compared to the consensus revenue estimate of $31.51 million.
What other stocks do shareholders of KORU Medical Systems own?: Based on aggregate information from My MarketBeat watchlists, some companies that other KORU Medical Systems investors own include NVIDIA (NVDA), Enphase Energy (ENPH), Alibaba Group (BABA), Walt Disney (DIS), PennyMac Financial Services (PFSI), Inseego (INSG), Micron Technology (MU), Advanced Micro Devices (AMD), Marvell Technology (MRVL) and Taiwan Semiconductor Manufacturing (TSM).
What is KORU Medical Systems' stock symbol?: KORU Medical Systems trades on the NASDAQ under the ticker symbol "KRMD."
How do I buy shares of KORU Medical Systems?: Shares of KRMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is KORU Medical Systems' stock price today?: One share of KRMD stock can currently be purchased for approximately $2.70.
How much money does KORU Medical Systems make?: KORU Medical Systems (NASDAQ:KRMD) has a market capitalization of $123.23 million and generates $27.90 million in revenue each year. The company earns $-8,660,000.00 in net income (profit) each year or ($0.17) on an earnings per share basis.
How can I contact KORU Medical Systems?: KORU Medical Systems' mailing address is 24 CARPENTER RD, CHESTER NY, 10918. The official website for the company is www.korumedical.com. The company can be reached via phone at (845) 469-2042, via email at dsullivan@equityny.com, or via fax at 845-469-5518.

This page (NASDAQ:KRMD) was last updated on 9/30/2023 by MarketBeat.com Staff

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